(1) Subject to (2), the AML Rulebook applies to:
(a) every Relevant Person in respect of all its activities carried out in or from the ADGM; and
(b) the Persons specified in Rule 1.3.3 as being responsible for a Relevant Person's compliance with the AML Rulebook.
(2) In respect of a Relevant Person that is:
(a) an Authorised Person (other than a Credit Rating Agency) and a Recognised Body, only the requirements of Chapters 1 to 14 of the AML Rulebook apply;
(b) a Representative Office only the requirements of Chapters 1 to 6 and 11 to 14 of the AML Rulebook apply;
(d) an NPO only the requirements of Chapter 16 of the AML Rulebook apply.
|Amended on (15 April, 2019).|